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The domestic real estate market recorded notable developments involving planning, land policies and corporate activity. In Hanoi, Vingroup’s Bac Hong urban area project is being studied for the conversion of part of its low-rise housing land into an eight-story social housing complex. Meanwhile, the Vinhomes Vung Ang industrial park project in Ha Tinh has been expanded to more than 1,400 hectares, with total investment rising to over VND 23,000 billion. In the social housing segment, a new proposal would restrict unrestricted resale after five years, allowing transfers only to people eligible for the relevant housing policy. Ho Chi Minh City has also handed over an initial 7,393 square meters of land in Thu Duc Ward for a housing project for the People’s Public Security forces. In Ho Chi Minh City, land auction and valuation procedures are being tightened. The city has asked agencies to review legal conditions, determine responsibilities and set processing deadlines for each land plo...

The real estate market is showing mixed developments as various incentive policies have yet to sufficiently encourage buyers to commit. Despite developers offering discounts of 20 to 30 percent, interest-rate support and extended payment schedules, buyers remain cautious about home prices, capital costs and investment prospects. Meanwhile, brokerage companies continue to face cash flow constraints and declining transactions, forcing them to cut staff and scale back distribution activities. On a more positive note, ground-floor shophouses in apartment buildings in Ho Chi Minh City are gradually filling up as landlords actively reduce rents, creating opportunities for households to open service and retail businesses. Real estate transactions in the fourth quarter are also forecast to potentially double, supported by improved home-buying demand, a more abundant supply and stimulus policies. In terms of policy and urban development, Ho Chi Minh City is expected to extend the estimated im...

The real estate market is seeing several notable developments in major urban areas. Hai Phong has approved a plan to auction a 3-hectare land plot near the administrative center north of the Cam River, with expected proceeds of more than VND 2 trillion. In Hue, a land plot of over 6,700 square meters in the city center is also set to be auctioned, with a starting price of VND 281 billion for the development of a five-star hotel complex. Meanwhile, Tay Ninh is preparing to select an investor for the nearly 2,610-hectare Long Huu new urban area, designed for approximately 200,000 residents. Da Nang is also planning the Ba Na urban area across the entire Ba Na commune, with the orientation of becoming a western growth pole accommodating more than 87,000 residents by 2050. In Ho Chi Minh City, the Lotte Eco Smart City Thu Thiem complex, with investment capital of VND 60 trillion, has restarted construction after years of delay caused by legal and financial obligations. The city also plan...

The real estate market recorded a series of notable developments in urban planning and development. Tay Ninh is preparing to bid for an investor for the nearly 2,610-hectare Long Huu new urban area, designed for approximately 200,000 residents and valued at more than 10 billion USD. In Da Nang, Ba Na urban area is being planned across the entire Ba Na commune, covering more than 13,600 hectares, with an orientation to become a western growth pole accommodating over 87,000 residents by 2050. Hanoi has also approved a Vinhomes-led investor consortium to mobilize capital for an international sports urban area of nearly 9,000 hectares, among the largest projects of its kind in Vietnam. Meanwhile, three land lots totaling more than 159 hectares in Long Thanh Ward, adjacent to Long Thanh Airport, are expected to be auctioned this year to support the operation of the international airport. In Hue, a land plot of more than 6,700 square meters in the city center is also scheduled for auction, w...

The real estate market is seeing mixed developments in demand, rents and transactions. In Ho Chi Minh City, shophouses at the podiums of apartment buildings are gradually moving away from a period of vacancy as landlords proactively reduce rents, attracting households to open service and retail businesses. In contrast, primary apartment transactions in the third quarter fell by 72% to 83% year on year as high borrowing costs and sharply rising prices made buyers more cautious. Nevertheless, stronger homebuying demand, more abundant supply and demand stimulus policies are expected to support a more positive fourth quarter, with transactions potentially doubling. In Nha Trang, tenants continue to face difficulties as apartment rents have risen 30% to 40% compared with the beginning of the year. Meanwhile, Ho Chi Minh City has issued ownership certificates for 43,200 homes since the beginning of the year, while 13,949 applications are awaiting buyers’ payment of registration fees. Regar...

Today’s real estate landscape features notable developments in policy, supply and land auctions. Ho Chi Minh City has proposed collecting an amount equivalent to 1% of the transaction value from organizations and individuals transferring houses or land for the first time in TOD development areas. The city has also brought four land lots in Thu Thiem back into its auction plan, with a combined starting price of nearly VND 16.7 trillion, 3.2 times higher than in 2021. Meanwhile, nearly 160 hectares in Long Thanh Ward, near Long Thanh International Airport, are expected to be auctioned this year to support airport operations. In Hue, 25 residential land lots in the An Van Duong urban area are also set to be auctioned, with starting prices ranging from VND 2.6 billion to more than VND 6.5 billion per lot and a combined starting value exceeding VND 101 billion. In the housing segment, primary apartment transactions in Ho Chi Minh City during the third quarter fell by 72-83% year on year a...

The real estate market recorded several notable developments in major urban areas. In Ho Chi Minh City, four land lots in Thu Thiem have been brought back into the auction plan with a combined starting price of nearly VND 16.7 trillion, 2.4 to 3.6 times higher than the levels set in 2021. The city also approved an auction plan for three land lots covering more than 2.1 hectares in Thu Thiem for the development of an integrated school, while lots 3-12, 3-8 and 3-9 were assigned a combined starting price of nearly VND 14.575 trillion. In another development, nearly 19.2 hectares of land at the Ho Chi Minh City Hi-Tech Park was recovered after the Millennium Park project ceased operations. The city also handed over nearly 4,820 square meters of land to Thao Dien Real Estate Company for the Nam Ly social housing project in Phuoc Long Ward, with a 50-year land use term, and announced four additional SonKim Land projects eligible for sale to foreign buyers. Social housing remains a major f...